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Bullboard - Stock Discussion Forum Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Fortune Minerals Limited is a mining company. It is engaged in the exploration and development of mineral properties in Canada. It is focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the Northwest Territories and Alberta that produces a bulk concentrate for shipment to a refinery that it plans to construct in southern Canada. It also owns the satellite Sue-Dianne copper... see more

TSX:FT - Post Discussion

Fortune Minerals Ltd > We are evolving ...
View:
Post by red on Jan 21, 2021 9:21am

We are evolving ...

Our corporate presentation is changing and updating based on good things happening around us...

Close to existing infrastructure
Current winter ice road access to site
New ~$213 million, 97 km all-season public road
to Whati will be completed in 2021
Fortune has EA approval for 50 km mine spur road
22 km from Snare Hydro & 50 km from potential
14 MW run-of-river site near Whati
Mine startup using LNG fueled generators with
heat recovery
Canadian National Railway terminals at Hay River & Enterprise south of Great Slave Lake (400 km)

these are all significant ....no ( for now) cheaper way to heat than with LNG and is much more environmentally friendly ....no cheaper way to get it to the north than by rail..( also environmentally friendly) no better place to get it to site than by truck from the newly built facilities at enterprise.

this new facility will be a significant part of the development and my guess will be a staging area for everything that goes into this site. It will come by rail and to and trucked from enterprise. This is significant to this project and anyone looking at it should consider that this has only been and finally developed in the last two years.

Five years ago this was not on the books in the FS and to my point for those who been here five or more years, is one of very significant diferances today from back then....we are ready 
Comment by geolith on Jan 21, 2021 9:31am
And depending on its configuration, Fortune's metallurgical facility could be designed to handle recycled materials. This would be a huge growth business, and in effect make that part of the business sustainable well beyond the life of the mine. Look at existing metallurgical plants as a business model for reference.
Comment by red on Jan 21, 2021 9:49am
So true ! And what we don't know is the rationale of the increased construction cost projections of the project and the processing facility..stated in the new video...looks to me like new projections could be based on processing facility that would incorporate some future recycling?? . ....long shot but ...I hope we hear something soon.
Comment by Tuckerthefox on Jan 21, 2021 10:06am
reduce trucking costs and less carbon impact by bringing supplies to the whati people on return trips rather than empty trucks coming back from concentrate shipping to the South. The trucks probably won't be designed for that however. Would be a great Green angle and less expensive for Whati to get their supplies.  
Comment by red on Jan 21, 2021 10:59am
One truck a week to Whati and their stores are full - FT can handle that. I been up here a long time - you would be surprised at cooperation and return good will from random acts of kindness - I always extend such and when i needed,  i have been a recipient of such - its like no where else i have ever seen   
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